NOT LISTED FOR SALE

518 Spencer Farlow Dr Unit 3 Carolina Beach, NC 28428

Estimated Value: $805,000 - $847,000

4 Beds
4 Baths
2,844 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $762,876 $268 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,131/month

102 Days on Market

Highlights

  • Waterfront
  • Intracoastal View
  • Wood Flooring
  • Carolina Beach Elementary School Rated A-
  • Deck
  • Whirlpool Bathtub

About This Home

As of March 2024

Welcome to Turtle's Nest - a stunning waterfront end unit townhouse located in Carolina Beach! With breathtaking views and a prime coastal location, this 4 bedroom, 4 full bathroom property offers the perfect blend of luxury and comfort. This spectacular property sits high and dry, with the location being outside the flood zone. Step inside and be greeted by the elegant hardwood flooring and high ceilings that create a grand and inviting atmosphere. Cozy up by the fireplace on cooler evenings and take in the beauty of the water from the comfort of your living room. The first-floor bonus room, currently used as a guest bedroom, provides flexibility for your needs. The large master bedroom boasts an ensuite bath with a jacuzzi tub, offering the ultimate relaxation experience. Each floor offers a balcony with stunning water views, allowing you to soak up the serene surroundings. The kitchen is the perfect entertaining setting for family and friends with plenty of counter space.Enjoy the convenience of an elevator, making travel between floors effortless. Take advantage of the walking trail located right at your back door, perfect for morning strolls or afternoon jogs. The community is very close to the public boat ramp for all your waterfront adventures. Beaches and shopping are nearby for great days of sun and fun!This townhouse comes fully furnished, making it move-in ready and perfect for either a permanent residence or a second home. With modern updates and low HOA fees (covers exterior), this property is an exceptional find. Properties in this community seldom become available. Don't miss your chance to watch the boats go by and enjoy the coastal lifestyle you've always dreamed of.

Last Agent to Sell the Property

Kathy Webb

Corcoran HM Properties License #232973 Listed on: 10/19/2023

Corcoran HM Properties

Last Buyer's Agent

Jessica Keenan

Nest Realty License #226854

Nest Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,360

Year Built

  • Built in 2005

Lot Details

  • Street terminates at a dead end
  • Irrigation

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,844 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Home Office
  • Bonus Room
  • Intracoastal Views
  • Pull Down Stairs to Attic

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Lighted Parking
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Fuel Tank
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number R0880600201500

Community Details

Overview

  • Island Walk Homeowners Association
  • Island Walk At Snows Cut Subdivision
  • Maintained Community

Recreation

  • Waterfront

Security

  • Security Lighting

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,360

Year Built

Built in 2005

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Trash Collection: City Pick-UP
  • Road Frontage Type: ICW Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Attic: Stairs - Pull Down
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2800 - 2999
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling Fan(s), Elevator, Gas Logs, Pantry, Walk-in Shower, Whirlpool
  • Laundry Location: Hookup - Dryer, Hookup - Washer, Room
  • List Price per Sq Ft: 280.94
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 10
  • Bedroom 2 Level: Third
  • Bedroom 3 Level: Second
  • Bonus Room Level: First
  • Dining Room Level: Second
  • Kitchen Level: Second
  • Laundry Level: Third
  • Living Room Level: Second
  • Primary Bedroom Level: Third
  • Office Level: Third
  • Other Level: First
  • Sq Ft Heated: 2844.00
  • Total Heated Primary Separate Sq Ft: 2844.00

Exterior Features

  • Exterior Features: Irrigation System, Security Lighting, Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Balcony, Covered, Deck, Patio, Porch
  • Road Type Frontage: Maintained, Paved
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Lighted, Off Street, On Site, Paved

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central, Zoned
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Maint - Grounds, Maint - Roads, Maintenance Structure, Pest Control, Street Lights, Termite Bond
  • HOAAssociationFee1Year: 3600.00
  • HOAAssociationName: Island Walk Homeowners Association
  • HOAAssociationPhone: 910-798-31

Lot Info

  • Deed Page: 974.00
  • Lot Description: Dead End
  • Lot Dimensions: Townhouse
  • Lot Water Features: Waterfront Comm
  • Plat Book: 48
  • Plat Page: 213
  • Zoning: R1
  • Lot View Type: ICW View

Tax Info

  • Tax Identifier: R0880600201500
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 3360.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Feb 7, 2024
Sold by
Smith John Edward
Bought by
Mclagan Jason G and Jamora Marietta J
Seller's Agent
Kathy Webb
Corcoran HM Properties
Buyer's Agent
Jessica Keenan
Nest Realty
List Price
$829,000
Sold Price
$762,876
Premium/Discount to List
-$66,124
-7.98%
Views
67
Current Estimated Value
$833,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,833
Avg. Annual Appreciation
5.86%
Original Mortgage
$686,588
Outstanding Balance
$675,853
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$153,690

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 12, 2021
Sold by
Shindel Richard D and Shindel Teresa A
Bought by
Smith John Edward
Seller's Agent
Gail Bailey
Intracoastal Realty Corp
Buyer's Agent
Kathy Webb
Corcoran HM Properties
List Price
$629,900
Sold Price
$629,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$329,900
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2010
Sold by
Federal National Mortgage Association
Bought by
Shindel Richard and Shindel Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,750
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2010
Sold by
Weller Linda Louise and Weller John Craig
Bought by
Fannie Mae

Purchase Details

Closed on
Nov 8, 2006
Sold by
Pinnacle Development Corp Inc
Bought by
Weller John Craig and Weller Linda Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,950
Interest Rate
6.31%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 2, 2004
Sold by
Bennett Jr Hobson C
Bought by
Pinnacle Development Corp Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mclagan Jason G $763,000 None Listed On Document
Mclagan Jason G $763,000 None Listed On Document
Smith John Edward $630,000 None Available
Shindel Richard -- None Available
Fannie Mae $336,790 None Available
Weller John Craig $530,000 None Available
Pinnacle Development Corp Inc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclagan Jason G $686,588
Closed Mclagan Jason G $686,588
Previous Owner Smith John Edward $329,900
Previous Owner Shindel Richard $50,000
Previous Owner Shindel Richard $308,000
Previous Owner Fannie Mae $327,750
Previous Owner Weller John Craig $166,950
Previous Owner Weller John Craig $310,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $762,876 -4.5% $268 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
10/31/2023 10/31/23 Price Changed $799,000 -3.6% $281 / Sq Ft
10/19/2023 10/19/23 For Sale $829,000 +31.6% $291 / Sq Ft
10/12/2021 10/12/21 Sold $629,900 0.0% $222 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $629,900 0.0% $222 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $629,900 -- $222 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,461 $505,300 $175,000 $330,300
2023 $3,461 $505,300 $175,000 $330,300
2022 $3,386 $505,300 $175,000 $330,300
2021 $3,487 $505,300 $175,000 $330,300
2020 $2,673 $334,100 $125,600 $208,500
2019 $2,673 $334,100 $125,600 $208,500
2018 $2,606 $334,100 $125,600 $208,500
2017 $2,656 $334,100 $125,600 $208,500
2016 $3,132 $365,000 $125,600 $239,400
2015 $2,953 $365,000 $125,600 $239,400
2014 $2,880 $365,000 $125,600 $239,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100410583

Hive MLS

APN: R08806-002-015-000